Al Mansour Automotive and China’s SAIC to build MG assembly plant
China’s automotive footprint in the country continues to grow: Al Mansour Automotive is partnering with China’s state-owned SAIC and another unnamed partner to establish a factory for assembling both traditional and electric cars for SAIC-owned brand MG in Egypt, company CEO Ankush Arora told Asharq Business. The factory is expected to begin production within the next two years.
The two have been working together for some while now: Al Mansour secured the rights to be MG’s exclusive distributor back in 2018. Just a year after this, we first heard about Al Mansour Automotive’s plans to produce MG-badged vehicles in partnership with MG Motor parent company SAIC.
Chinese automakers are more and more looking towards Egypt: In just this month alone, we’ve heard that FAW Group is re-entering the Egyptian market in 1Q 2025, Chery International subsidiaries Omoda and Jaecoo are in talks to enter the Egyptian market, an El Nasr Automotive and El Safy Group JV will begin producing three models for an unnamed Chinese automaker, Chery subsidy Exeed officially launched local assembly, Al Nasr Automotive delivered its first batch of buses in partnership with Yutong, Jinbei will soon assemble its models locally, and an unnamed Chinese company is looking to set up a USD 360 mn tire factory — now take a breath.
** We did a deep dive into the challenges facing automakers in Egypt in our weekly Inside Industry last month. Check out the story here.
AND- General Motors, which also works with Al Mansour Automotive as its exclusive distributor, plans to introduce two new car models — one electric and one conventional — to the Egyptian market in 2025, the company’s chair and managing director Sharon Nishi told Asharq Business. The company is particularly focused on opening up new export markets in Africa, Nishi added.
ALSO- Nissan Egypt’s exports are expected to grow by more than 50% y-o-y by the end of this year, Managing Director Mohamed Abdel Samad told Asharq Business. The firm’s sales in Egypt are expected to increase by 20% y-o-y by the end of the year, Abdel Samad added, saying that the automotive market has begun recovering from the downturn that followed the float of the EGP.